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Search Results 0 to 27 of about 28 (some duplicates have been removed)
statement to parliament today. will be out in westminster soon. steve is out to give us more detailed analysis of what to expect. let's just go back to the eurozone. as you say, thin advances here. are we capping -- it's up against the yen as well. there's obviously been a big yen story. >> yeah, i think the euro/yen has had perhaps more to do with eu euro/dollar than anything else. the euro crosses in general have been story rather than euro/dollar and euro/yen at the forefront. i think the euro/yen forecast is overplayed in what japan will ultimately deliver on. but mum is pretty good. i think you still play for a little yen weakness. i think we'll see a lot of people trying to buy yen back because i don't think we'll get delivery in all these preelection promises. >> do we all think we know what the chancellor is going to say? >> judging by the many pages being given to it in the newspapers, you feel like what else can he say? it's not going to be a day where you'll buy sterling aggressively because most of the news is going to be bad. we're going to have lower growth. potentially
on the wealthiest americans. >> people saying that the deal he offered doesn't look like a deal. steve is live in the washington bureau. is there any movement on either side. >> not much. a few republicans who are willing to talk about higher tax rev news but not higher tax rates. the president made a direct appeal to the public. the toy factory in pin pen. he urged congress to pass a bill and extend the era tax cuts for middle class only. >> congress could prevent a tax hike on the first 250,000, of everybodiy income. that means 98 percent of americans and nen percent of small businesses wouldn't see income taxes go up at all . even the wealthiest americans would get a tax cut on $250,000 of the income. democrats are pushing for a vote and it was approved by the secretary. >> and republican leaders what are their next move. >> they are sticking to their guns on the tax rate . they are reacting strongly to the plan that the president uned this week. house spheeker - on speaker boehner said it was not a serious proposal. it is an advantage to run the clock out and getting closer to the deadline
conversation with our steve liesman. in corporate news, the apple coming off its worst day ofs losses this almost four years. u.s. equity futures, though, not too bad so far today. indicated up about 15 points. today is thursday, december 6th, penultimate day before the day of infamy. "squawk box" begins right now. >> welcome to "squawk box." i'm becky quick along with joe kernen. andrew ross sorkin is on vacation this week. onset with us is drew mattis. welcome. thanks for getting up early. >> i'm always up at this time. >> we'll be going through secretary geithner's comments, but first let's get you up to speed on other stories. joe was talking about apple. it has been a rough ten weeks for the most valuable u.s. company. shares tumbling more than 6% yesterday shedding $35 billion of market value. among the reasons cited by analysts, a forecast by an influential research firm suggesting that the iphone and ipad maker is continuing to give up ground it rival the android gadgets. there were also unconfirmed reports that at least one major stock clearing house was raising margin
constitution for that country. one that gave president mohammed morsi new powers. steve harrigan is standing by live in cairo with more. >> remarkable scene in cairo this morning outside egypt supreme constitutional court. to put it simply, the court justices could not get in their own building. the judges will suspend their work while the atmosphere of intimidation physical a mental intimidation exist. the supreme court say they cannot do the work because of the mob around their building. it was likely they would rule on the legitimacy of egypt constitutional assembly. that body pushed through the constitution, the draft on friday. they go for a national referendum, up or down vote on december 15. if the constitution goes through, egypt president morsi says the extreme powers which he declared that he possessed would be void and it would go to normal here in egypt. richard morrison himself has strong public support. we have 200,000 people. mainly members of the muslim brotherhood who support the president come out on the street to show support. loud and emotional way. >> shannon: steve harr
. steve harrigan has the latest. >> they're afraid to do their job. the court surrounded by several thousands chanting protesters sunday morning and the judges refused to enter the building, citing fiscal and psychological intimidation from the crowd. egypt interior ministry said police made the entrance secure. demonstrators say they were backing the president. >> you are here to support the decision of president mohammed morsi. we haven't stopped anyone from entering and we haven't destroyed anything. we're here to protest. that is our constitutional right. >> what is or is not constitutional in egypt these days is in flux. it's set to be voted nonnational referendum on december 15. until then, both sides marshall the forces. demonstrating the support on the street. the number of protesters declineed. to just a few thousand tonight. the government strategy of the nonconfrontation with opponents have been working. that is put to the test on tuesday when they plan to march to enemy territory. >> the protesters plan to march toward the presidential palace tomorrow where they could cl
? >> steve, your question -- >> i'm and freeload, by the way. >> that by the way is how the chinese would describe any relationship between japan and america. the interesting aspect of all these conflicts is that as india and china and india and china have a proximate geographically, but we've never been neighbors. >> right. >> in order to be neighbors you either have to love each other or hate each other. we have done neither. in fact, in 1962 during the first strategic conflict, between these two, you have to understand, it's hard to understand why we are not neighbors. [inaudible] in terms of inaccessible. but the positions, the lines, the strategies, the lines, what would they resonate to? the positions that are taken by postcolonial nations is that we will not be bound by decisions made by colonial powers. one, or in china's case, that we had to abandon our national positions. and now that we are strong, we need to resurrect them. right or wrong is not, that is very little to do with national positions. now, the words that were there in the title of today's discussion, confusion, i c
and forth there are signing of a compromise. steve centanni is live in washington. are the two sides any closer together? >> reporter: there are two important signs today. speaker, house speaker john boehner met with president obama at the. we don't know how long they met or exactly what they talked about, but the white house says lines of communication are open and face-to-face meeting is on important. at the same time republicans say they will accept the demands for higher taxes on the wealthy if it goes along with spending cuts entitlements like medicare and social security. listen.... >> a lot of people are putting forth a theory. i think it has merit where you give the president 2% increase he is talking about on the top 2 percent. i am beginning to believe that is the best route for us to take. >> reporter: many other republicans, of course, standing firm against any tax increase. they could give the speaker a hard time if he tries to pass the kind of legislation corker was talking about there. >> and how are the democrats reacting to accept the higher tax rates? >> reporter: they
't believe including current these. i agree with steve forbes that flow currencies, which is the standard value by which every entrepreneur has to guide and has decisions it's like floating our so that people wouldn't have to work so much. one man could have the power worth 50 minutes. the next come the 70 minute and needs in-house default swaps and insurance policies. just to guide the economy. one of the things that's happened over the last decade is that we've had a hypertrophy of finance and the reason of the excess and waste so much wealth and the economy is migrated to finance is because the currency is so unstable, that so much money can be made, betting on the ups and downs of our currency against foreign currencies. this is a big danger today. a lot of people attack the chinese for manipulating the currency. but the chinese just want to keep the currency stable. i saw the chinese want to do. they want to maintain the dollar as a standard of value. it's a saturday botching the currency. the threat to the american dollar does not come in beijing. they defend the dollar. the threat
demanding he give up those near absolute powers. and steve harrigan is live for us in cairo. steve, these are the biggest crowds we have seen yet. >>reporter: the largest crowds and the most violent. it has calmed down in the last hour at 10:00 p.m. in egypt but the worst clashes in two weeks of protests here. it wasn't police versus the protester but civilian on civilian, members of the muslim brotherhood who support president morsi and those who want to drive him from office and all the conflict happening outside the presidential palace that began with pushing and sticks and rocks and molotov cocktails and shots fired. showing how bitterly the country is divided. >>trace: what do we know what is behind the violence? >>reporter: the first two weeks, antimorsi protesters met in that sure square and now they are marching on the palace. there has been a lost restraint on of the pro morsi supporters which restrain was broken after the man on the palace where the wall were written on with graffiti. they moved in with sticks, rocks and later gun battles in exactly what followed after th
constitution which could help present big power pull. steve harrigan live with us tonight. >> these are some the worse clashes we have seen in two weeks of protesting. they began with pushing and shoving. some protesters tearing up the tents from the other side. from there it went from rocks and sticks and then gasoline bombs hurled and then even some gunfire. at least 200 people wounded. as many as two dead. really for the first time these two sides coming together in the same place. they tried to stay away from each other. protests on different days now openly clashing in right in front of the presidential palace, harris. >> harris: you said it yourself. we have been watching a couple weeks since that power grab which is supposed toen temporary. what makes tonight different? >> they tried to marchionne different days and in different places. usually we have seen the demonstrators clash with the police. this is different now. the protesters taking matters into their own hands. this is civilians fighting civilians. it's all happening right in front of the presidential palace and the police c
with former obama economic at visor steve rattner. >> there has to be a compromise, $16 trillion deficit, you're not going to solve all that with tax increases or discretionary cuts. we can talk about how we do it -- >> get specific, steve, because when you start talking about fixing the entitlement program, we're clear, social security is off the table. >> we're not clear. no. >> no. what secretary geithner has said on a separate process. >> eric, we've talked to some degree about the back and forth within the republican party on this deal but haven't spent as much time on what's happening on the left in terms of what the democrats will stomach in terms of entitlement reform if any at all. do you think there is a wing of the party that believes that this process can happen without reform on entitlements? >> no. i don't think anybody who's seriously in the game thinks that. i think the question is, how much do you have to give up, is it reasonable? what are you getting in return as michael said on the other side in terms of tax revenues. so, you know, i think there is a consensus that there h
. we won in montana with steve bullock. he was a real leader, a real job creator, he is going to do great things in montana. we won in washington state with jay insl e! news who has been focused on economic development. we won there in a tight race. we come into this with a temperaturic organization that is well organized and can win even when we have have less friends than our other side. having said that, in 2014, we're looking a huge number of races. there are 34 races. so 2014 is going to be a huge year. . we have an exintruder candidate. he started his own business when he was 14 years old. now running against a right-wing tea party candidate attorney general there who literally said when asked do you align yourself with the tea party, he said i don't just align myself with the tea party i am a tea party groupie. it was rejected and we have high hopes for terry in virginia and we're going to help him. in new jersey it is no question that governor christie is popular. there are a lot of candidates, strong candidates in nrge and we're going to work with all of them to come out to
. >> brian: it's like a convert ible! did you know this? >> steve: they'll be at the lincoln center. thanks for bringing it by here first. more in the after the show show. see you tomorrow, everybody. investigators searching for a motive after a murder-suicide that rocked the national football league. the kansas city chiefs reeling after police say linebacker jovan belcher killed his girlfriend then drove to arrowhead stadium and took his life in front of his coach and manager. martha: despite this tragedy. kansas city managed to play their scheduled game and as you would imagine it was a very emotional day for the players and the teams and the families and fans. after the game this is the scene. you can see the players alternating there. the teams gathering together as they huddled in prayer at mid field. >> we are grieving for all involved. it's tough when a circumstance happens, you can't undo them. so you have to rely on each other, rely on your family and friends and rely on your faith. that's what the team tried to do today and we were able to do that and work our way through the trag
. the whole steve jobs, that shadow, the positive shell has faded away. stuart: anything to add? >> they agree with everything you just said. stuart: excellent. like there not you are investing in electric batteries for cars. department of energy is putting 120 million into the battery research center. at a place called argon national lab outside chicago. the goal is to make better, cheaper batteries for electric cars. let's hope it works better than the investment in a one to two systems. $250 million. now it's in bankruptcy being auctioned off. the chinese company could buy it. don't forget the biggest dream best of all time. 35 million. your money down the tubes. waving frantically. >> the deal is they want to put this in chicago. this battery facility. staffed by a lot of aaademics. brown emanuel has been at the press conference. democratic senator. why not put it in detroit. when i put it in silicon valley where you had the sharpest guys. stuart: is in it there already? is in it there already? >> boosted by academics from mobile universities. i would say if you want to help out beleaguere
about the economy these days and the post-steve jobs era. >> even around christmastime when the products are popular as gifts. >> you think retail sales would translate well because there's so many other issues there besides how much they sell in the store. >> it's interesting. we'll see what happens with this case and if it has an impact of consumers that own these products. thank you very much. >>> marijuana is now legal under washington state law. that tops our look at stories around the "news nation." take a look. that's how they celebrated in washington state. the news came down after midnight as you know at the seattle center. it allows people to possess up to an ounce of pot, but they cannot smoke it in public. that looks like public to me. the police department will issue verbal warnings to violators. that explains the public video. lawyers for software company founder john mcafee sought guatemala denied his asylum. they detained him for entering the country illegally. he's wanted for questioning in connection with the murder of his neighbor. he denies any involvement and will li
of questions. steve brown has more in chicago with this. we heard a little bit of the 911 call before the break. how do those final moments play out at arrowhead stadium earlier on saturday morning? reporter: yes, let's put that into context. kasandra perkins was shot numerous times and fatally wounded by the father of their child. that is jovan belcher, who drove to arrowhead stadium, essentially to talk to two people. that would be head coach and general manager. neither of those two gentlemen have commented on how those final seconds played out. but police officer that was watching did watch those fateful seconds unfold. >> we have two coaches and one other employee here. [inaudible] reporter: in terms of a motive for the shooting, reportedly there was a moment country and argument about kasandra perkins's labor turn from a concert. jenna: in the meantime, what happens with the 3-month-old daughter, little zoey? reporter: in the meantime, family from austin, texas, are helping take care of her. his teammates also decided to set up a fund for zoey. >> we just want her to understand at one poi
. absolutely we're with him. we did some of the early background on it. our guy steve groves was writing papers on this weeks and weeks ago. we're also surprised frankly the senate would bring it up in a lame duck session. this is something that needs full and considered -- >> they're going to bring it up again next year. you won't be there. >> they can bring it up and we'll take the same position. >> should there be a compromise in order to avoid going over the fiscal cliff? john boehner's already $800 billion in increased tax revenue, not necessarily raising the marginal tax rate on the wealthy, but capping deductions, limiting loopholes, are you with the speaker of the house on that? >> unfortunately, wolf, the policies of president obama have already taken us over the cliff. if you meet with businesses like i do all the time, they've already paired back plans for next year anticipating what's going to happen. we can fix this christmas eve if we want, but we've already hurt the economy and job growth. >> are you with boehner? >> i'm not with boehner. this government doesn't need anymore mone
on taxes and what not. >> eric: the reality is, we have a spending problem, steve. how much money we're actually taxing, tax revenues are going up. >> they have to. >> eric: it's a spending issue. if we're putting a trillion dollars into the deficit you can't fix that with taxes. >> no, you sure can't. eric, when i first came to washington, which was about 25 years ago, we barely had a trillion dollar budget and here we are, 25 years later and we're closing in on a 4 trillion dollar budget and that under democrats and republicans as well and there haven't been serious cuts in spending in this town in at least 10 or 15 years and i'm kind of frustrated that neither party is really serious about getting these spending programs under control. i mean, we have been-- you look at entitlement programs and president obama and a lot of democrats say we can't cut medicare, social security, medicaid. and that's half the budget there. of course, we're spending 600, 700 billion dollars a year just to pay the interest on the debt. just on the interest. so you don't get any return on that. one last
're going to hear steve on the republican line. caller: i agree that all the tax cuts and alba -- you know, unless they reduce spending, it is not going to do anything. we need to create more jobs. if we keep taxing the businesses, they should just reform the tax. if a business hires so many amount of people, they will get a deduction if they hire that amount of people. that would work. i am from buffalo. years ago, they had bethlehem steel. we have the wiper place -- i cannot remember the name, but anyway, the state gave them a tax breaks for hiring people. they start hiring people. you have to have income to spend money. the government needs more taxable people. it is like a bank account. if i give you $1 million and your spending $2 million and only taking in half a million dollars, it is not going to balance. host: do you take deductions? caller: i don't take -- make enough money to take them. every time i try to take them, they say, you did not make enough to take that out. host: what do you think of that? caller: like i said, if they want my money, that is ok. let me put it to you th
, and senator robb. >> reporter, republican what steve -- joins together a few months ago to reinvigorate the data act on the senate side. serb leaders in seeking the publication and standardization of government data in that spending category. the other four categories, we are seeing some leaders, just not as quite as high profile. our coalition is going to be pounding down doors in the 113th congress so hopefully get that. >> that is the question the plumbing is stopped up to extend the weather grows metaphor. >> let's continue with this metaphor. >> to do we need to call on to and stop it? and, you know, making it worse. i will change metaphors. in looking into a crystal ball, you know, what is likely to happen over the next year's as well as what needs to happen to make these famous move forward. >> i will try. again, i go back to the point that we need more legislation because we need to institutionalize it and we need to immunize a lot of these things from the winds of an incoming administration. this is an administration that is talking the talk about transparency in openness. it c
of the capitol, we can come back and execute the deal. >> joining me now is congressman steve israel of new york. chairman of the democratic national campaign committee. welcome. >> hey, carol. >> you heard your colleague from ohio. he says sometimes negotiations between congress and the white house are "charades" and that members are waiting for signals from the obama administration and people like speaker john boehner and majority leader reid before they go forward. do you see it that way? >> well, look, it's critical that the leaders of both parties and the white house, the house and senate come to an agreement fast. now, we have always said on the democratic side, house democrats have said we want deficit reduction that's big, bold and that is balanced. the president has put forth a variety of ideas and programs. the response consistently from house republicans has been, no, no and no. now they did come up with a proposal finally just two days ago. there are elements in that proposal we should talk about. elements in my view that we shouldn't. the bottom line is this. i'm not so sure that we
. and i hope that beginning now when people hear fair share, they'll think abouter a flat tax. steve forbes has been talking about it for years. rand paul had an article out a year or so ago, flat tax. my friend, mike burgess, has a proposal. many of us have proposals. mine is, look, you talk about want warren buffett to pay what his secretary does, yet you haven't made one proposal that will bring warren buffett to pay what his secretary does. that's crazy. that's why we shouldn't eliminate the word lunatic. it really has application around this town. so if you want to have -- and warren buffett ought to take heed, you run around telling people, yeah, rich people should pay more taxes, well, he's not. he's not going to pay more. not on any of the proposals that the president has run around endorsing. well, how about a flat tax that says 15% capital gains tax, what warren buffett pay, 15% for his secretary, 15% gift tax. let's just go 15% across the board. 15% corporate tax. and the irony is that the economy would so explode, so many more people would be employed, so many more people
of chicago economist steve davis and co-authors, where they have this cool new index. it is a very innovative paper. they estimated that debt limit struggle subtracted about 1.5% from g.d.p. growth during that summer when it was happening because of the uncertainty and the inactivity caused by high levels of uncertainty. eve time we go through there, we bear a negative short-run cost. but if that is what it takes to get spending under control, then we have to concede that in the long run there is a benefit that we don't have these massive deficits crowding out long-term growth. the struggle would depending on whether debt reduction buys space for private capital or not. we may have higher economic growth in the long-run because we went through that struggle. >> so your position is we should be ready to go through that struggle again and in fact default on the national debt if necessary in order to enforce spending limits? >> that is of course not my position. my position is we should never default on the national debt. the politics of debt reduction as you all know better than me are very, ve
Search Results 0 to 27 of about 28 (some duplicates have been removed)